Navam Welihinda - Jun 20, 2023 Form 4 Insider Report for HashiCorp, Inc. (HCP)

Signature
/s/ Paul Warenski, by power of attorney
Stock symbol
HCP
Transactions as of
Jun 20, 2023
Transactions value $
-$407,596
Form type
4
Date filed
6/22/2023, 08:18 PM
Previous filing
Jun 13, 2023
Next filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCP Class A Common Stock Options Exercise +11.9K +20.34% 70.2K Jun 20, 2023 Direct F1, F2
transaction HCP Class A Common Stock Conversion of derivative security +7.57K +10.78% 77.8K Jun 21, 2023 Direct F3
transaction HCP Class A Common Stock Sale -$266K -10.1K -12.93% $26.49 67.7K Jun 21, 2023 Direct F4, F5
transaction HCP Class A Common Stock Sale -$52.9K -2K -2.95% $26.43 65.7K Jun 22, 2023 Direct F6, F7
transaction HCP Class A Common Stock Sale -$88.4K -3.28K -4.98% $26.98 62.5K Jun 22, 2023 Direct F6, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HCP Restricted Stock Units Options Exercise $0 -3.36K -8.33% $0.00 37K Jun 20, 2023 Class A Common Stock 3.36K Direct F1, F9
transaction HCP Restricted Stock Units Options Exercise $0 -8.51K -6.25% $0.00 128K Jun 20, 2023 Class A Common Stock 8.51K Direct F1, F10
transaction HCP Restricted Stock Units Options Exercise $0 -7.57K -14.29% $0.00 45.4K Jun 20, 2023 Class B Common Stock 7.57K Direct F11, F12
transaction HCP Class B Common Stock Options Exercise $0 +7.57K +7.97% $0.00 103K Jun 20, 2023 Class A Common Stock 7.57K Direct F3
transaction HCP Class B Common Stock Conversion of derivative security $0 -7.57K -7.38% $0.00 95K Jun 21, 2023 Class A Common Stock 7.57K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Class A Common Stock.
F2 Includes 500 shares of Class A Common Stock acquired under the Issuer's Employee Stock Purchase Plan on June 15, 2023.
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F4 The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.24 to $26.69, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5), (7) and (8) to this Form 4.
F6 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 21, 2022.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.81 to $26.74, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.83 to $27.13, inclusive.
F9 The remaining RSUs vest in eleven equal quarterly installments beginning on September 20, 2023.
F10 The remaining RSUs vest in 15 equal quarterly installments beginning on September 20, 2023.
F11 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F12 The remaining RSUs vest in six equal quarterly installments beginning on September 20, 2023.